A credit union's profitability has an effect on its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or put them to work addressing problematic loans, likely making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.
NYMEO exceeded the national average on Bankrate's test of earnings, achieving a score of 18 out of a possible 30.
One sign that the credit union is doing better than its peers in this area was its earnings ratio of 10.00 percent in our test, better than the average for all credit unions.